BitGo Appoints Nick Carmi as Head of Financial Services

PALO ALTO, Calif.--(BUSINESS WIRE)--BitGo, the leader in digital asset financial services, announced today
the appointment of Nick Carmi as Head of Financial Services. Nick joins
BitGo from Tower Research Capital, where he was Global Head of FICC
Business. He will report to BitGo CEO Mike Belshe.

"Nick brings the right type of experience for BitGo to bridge between
the complex technology of digital assets and the traditional financial
markets. Nick brings a wealth of industry knowledge and has built these
types of systems before,” said Mike Belshe, CEO, BitGo. “Nick will be
critical to our future progress, helping us meet the existing needs of
traditional clients while also helping us build a better financial
market of the future in ways that can only be done with digital assets.”

Nick brings 25 years of experience as a successful financial executive.
As Global Head of FICC Business for Tower Research Capital he ran the
firm’s FX and FI businesses and was responsible for oversight of
operational risk, prime brokers’ leverage and counterparty trading
limits, developing access to new products including NDFs, CCY Options
and cryptocurrencies.

Prior to joining Tower, Nick was Director in Listed and OTC Clearing
Sales at Deutsche Bank where he helped start Fixed Income Prime
Brokerage for Treasury and Repo services and helped the Equity
Derivative Franchise build a best in class OCC clearing service. He
joined Tower from SpreadZero, a dark pool business for Fixed Income
securities. As CEO, he created numerous partnerships and expanded the
firm into Europe and Asia. Earlier in his career he worked at Barclays,
Lehman Brothers, UBS, and Credit Suisse.

He holds bachelor and master degrees in applied mathematics and
statistics from Stony Brook University.

About BitGo:

BitGo is the leader in institutional digital asset financial services,
providing clients with security, custodial, and liquidity solutions.
BitGo is the world's largest processor of on-chain bitcoin transactions,
processing 15% of all global Bitcoin transactions, and $15 billion per
month across all cryptocurrencies. The company supports over 100 coins
and tokens, and has over $2 billion in assets in wallet. BitGo’s
customer base includes the world's largest cryptocurrency exchanges and
spans more than 50 countries. In 2018, it launched BitGo Trust Company,
the first qualified custodian purpose-built for storing digital assets.
BitGo is backed by Craft Ventures, Digital Currency Group, DRW, Galaxy
Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity
Partners.